Forbes cites SAVE’s effort against overpaid executives at Comverge (NASDAQ:COMV)
http://www.forbes.com/sites/
Forbes cites SAVE’s effort against overpaid executives at Comverge (NASDAQ:COMV)
http://www.forbes.com/sites/
USAT Complaint Against SAVE Complaint (#1) [requires Adobe Acrobat Reader]
SHAREHOLDER ADVOCATES FOR VALUE ENHANCEMENT (SAVE)
COMMENTS ON LAWSUIT FILED BY USA TECHNOLOGIES, INC
AGAINST SAVE
GREENWICH, CT, May 3, 2012 – S.A.V.E. Partners IV, LLC, its nominees and certain other shareholders are members of a group (“SAVE”) that collectively owns 3,044,739 shares of common stock of USA Technologies, Inc. (“USAT” or the “Company”) (NASDAQ: USAT), representing approximately 9.3% of the Company’s outstanding shares. Today, SAVE commented on the lawsuit filed by the Company against SAVE and its nominees in the United States District Court for the Eastern District of Pennsylvania:
SHAREHOLDER ADVOCATES FOR VALUE ENHANCEMENT (SAVE)
COMMENTS ON USA TECHNOLOGIES, INC.
THIRD QUARTER RESULTS
GREENWICH, CT, May 2, 2012 – S.A.V.E. Partners IV, LLC, its nominees and certain other shareholders are members of a group (“SAVE”) that collectively owns 3,044,739 shares of common stock of USA Technologies, Inc. (“USAT” or the “Company”) (NASDAQ: USAT), representing approximately 9.3% of the Company’s outstanding shares. Today, SAVE issued the following statement regarding USAT’s announcement of its results for its third quarter of fiscal 2012:
IMPORTANT NOTICE
This website may contain forward-looking statements. These statements may be identified by the use of forward-looking terminology such as the words “expects,” “intends,” “believes,” “anticipates” and other terms with similar meaning indicating possible future events or actions relating to the business or shareholders of USA Technologies, Inc. (the “Company”). These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, among others, the ability of the participants named below to successfully solicit sufficient proxies to elect their nominees to the Company’s board of directors through a proxy solicitation to be undertaken by them, the ability of such individuals to improve the performance of the Company and risk factors associated with the business of the Company, as described in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2011, and in other periodic reports of the Company, which are available at no charge at the website of the Securities and Exchange Commission (“SEC”) at http://www.sec.gov. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results. [click to continue…]